Claims / Legal
Significant Auto Losses Expected From Carolinas Storm
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and is now causing additional flooding problems in North Carolina. According to State Farm ...
China Explosion and Chile Quake Cost Validus an Estimated $64M
Validus Holdings Ltd. believes it lost just under $64 million from the Port of Tianjin explosion and recent earthquake in Chile, a number that matches its Q2 net income. The Bermuda-based insurance ...
West Virginia Sues Volkswagen Over Clean Diesel Emissions Claims
West Virginia may be the first U.S. state to sue Volkswagen AG for deceiving car buyers after the Environmental Protection Agency said last month that the company had installed software to hide that ...
VW Under Pressure for Answers About Emission Scandal Details
Hans Dieter Poetsch's first board meeting as chairman of Volkswagen on Wednesday could turn out to be his most important, coming just hours before a deadline set by German regulators and testimony by ...
U.S. Supreme Court Rejects Charles Schwab Appeal in Breach-of-Contract Dispute
The U.S. Supreme Court on Monday left intact an appeals court decision that allowed a financial adviser to sue Charles Schwab Corp over allegations that the brokerage firm deviated from objectives ...
Auto Injury Claims Costs Keep Rising Even With Safer Vehicles: IRC
Auto injury claims costs are still increasing in the United States, even though better vehicle safety has helped reduce claims frequency, the Insurance Research Council found in a new report. The ...
BP’s Record Oil Spill Settlement Rises Another $2 Billion
The value of BP Plc's settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill will rise to $20.8 billion, an increase of $2 billion from an agreement reached in ...
Travelers: Cyber Risks Now a Top Consumer Concern
Just as property/casualty insurers are increasingly worried about cyber risks, it turns out consumers fears are growing rapidly right there with them, according to The Travelers Companies' 2015 ...